Trump announces Alaska LNG project as part of Korea's investment plans

The Korea Times - Oct 1, 2026

U.S. President Donald Trump on Wednesday unveiled South Korea's U.S. investment projects under last year's bilateral trade agreement: the construction of a gas-fired power plant in Texas, eight large-scale nuclear power plants and a liquefied natural gas (LNG) project in Alaska. The announcement followed protracted negotiations over major energy infrastructure projects under the agreement that committed South Korea to investing $350 billion in the United States — $150 billion for the shipbuilding sector and the remainder for strategic investments — in return for lower U.S. tariffs on Korean goods. Trump's explanation of the first investment package under the agreement suggested apparent differences with Seoul's position that only the Texas project has been finalized, while the Alaska LNG and nuclear projects remain subject to further discussions with the Trump administration. Trump highlighted the investment projects as he has underscored his economic achievements ahead of the November midterm elections amid public concerns over the monthslong war with Iran that has resulted in high

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